Tygh Capital Management Inc. lifted its holdings in Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,671 shares of the semiconductor company’s stock after acquiring an additional 2,988 shares during the quarter. Tygh Capital Management Inc. owned approximately 0.23% of Kulicke and Soffa Industries worth $3,509,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Kulicke and Soffa Industries by 909,858.7% in the 1st quarter. BlackRock Inc. now owns 5,532,549 shares of the semiconductor company’s stock worth $112,421,000 after acquiring an additional 5,531,941 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Kulicke and Soffa Industries by 40.3% in the 2nd quarter. Royce & Associates LP now owns 2,507,921 shares of the semiconductor company’s stock worth $47,701,000 after acquiring an additional 721,000 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Kulicke and Soffa Industries by 11.5% in the 2nd quarter. Vanguard Group Inc. now owns 2,033,595 shares of the semiconductor company’s stock worth $38,679,000 after acquiring an additional 209,884 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Kulicke and Soffa Industries by 7.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,705,980 shares of the semiconductor company’s stock worth $32,448,000 after acquiring an additional 121,410 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of Kulicke and Soffa Industries by 60.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,600,000 shares of the semiconductor company’s stock worth $34,512,000 after acquiring an additional 600,000 shares in the last quarter. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Kulicke and Soffa Industries, Inc. (NASDAQ KLIC) traded up $0.67 during trading hours on Wednesday, reaching $24.17. The company’s stock had a trading volume of 106,584 shares, compared to its average volume of 294,167. Kulicke and Soffa Industries, Inc. has a 12-month low of $13.22 and a 12-month high of $23.79. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.20 and a current ratio of 4.83. The firm has a market cap of $1,680.04, a P/E ratio of 17.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.34.

Kulicke and Soffa Industries declared that its board has initiated a stock repurchase program on Tuesday, August 15th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the semiconductor company to buy up to 7.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

KLIC has been the topic of several recent analyst reports. BidaskClub raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 19th. Zacks Investment Research raised Kulicke and Soffa Industries from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. B. Riley reissued a “buy” rating and issued a $31.00 target price on shares of Kulicke and Soffa Industries in a report on Wednesday, August 2nd. Finally, ValuEngine raised Kulicke and Soffa Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Kulicke and Soffa Industries has a consensus rating of “Buy” and an average price target of $26.50.

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Kulicke and Soffa Industries Company Profile

Kulicke and Soffa Industries, Inc designs, manufactures and sells capital equipment and expendable tools, as well as services, maintains, repairs and upgrades equipment, all used to assemble semiconductor devices. The Company supplies a range of bonding equipment. The Company operates through two segments: Equipment and Expendable Tools.

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Institutional Ownership by Quarter for Kulicke and Soffa Industries (NASDAQ:KLIC)

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